Senate Bill sb2710

    Florida Senate - 2007                                  SB 2710

    By Senator Storms





    10-1476-07

  1                      A bill to be entitled

  2         An act relating to trust funds; creating s.

  3         17.45, F.S.; creating the Healthy Florida Small

  4         Employer Stop-Loss Trust Fund within the

  5         Department of Financial Services; providing for

  6         sources of funds and purposes; providing for an

  7         annual carryfoward of funds; providing for

  8         future review and termination or re-creation of

  9         the trust fund; providing an effective date.

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11  Be It Enacted by the Legislature of the State of Florida:

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13         Section 1.  Section 17.45, Florida Statutes, is created

14  to read:

15         17.45  Healthy Florida Small Employer Stop-Loss Trust

16  Fund.--

17         (1)  The Healthy Florida Small Employer Stop-Loss Trust

18  Fund is created within the Department of Financial Services.

19         (2)  The fund is established for use as a depository

20  for funds to be used to reimburse small employer carriers for

21  claims incurred under the Healthy Florida Small Employer

22  program established under s. 627.6699(16), purchase stop-loss

23  insurance, and pay the costs of administering and marketing

24  the program. Moneys to be credited to the trust fund include

25  funds appropriated by the Legislature, matching funds from the

26  low-income pool, and interest and investment earnings.

27         (3)  Notwithstanding the provisions of s. 216.301 and

28  pursuant to s. 216.351, any balance in the trust fund at the

29  end of any fiscal year shall remain in the trust fund at the

30  end of the year and shall be available for carrying out the

31  purposes of the trust fund.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2007                                  SB 2710
    10-1476-07




 1         (4)  In accordance with s. 19(f)(2), Art. III of the

 2  State Constitution, the Healthy Florida Small Employer

 3  Stop-Loss Trust Fund shall, unless terminated sooner, be

 4  terminated on July 1, 2011. Before its scheduled termination,

 5  the trust fund shall be reviewed as provided in s. 215.3206(1)

 6  and (2).

 7         Section 2.  This act shall take effect July 1, 2007.

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10                          SENATE SUMMARY

11    Creates the Healthy Florida Small Employer Stop-Loss
      Trust Fund within the Department of Financial Services.
12    Provides for purposes and sources of funds. Provides for
      the annual carryforward of funds. Provides for future
13    review and termination or re-creation of the trust fund.

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CODING: Words stricken are deletions; words underlined are additions.